Operating Companies

AEROJET ROCKETDYNE HOLDINGS, INC.

(NYSE: AJRD)

5.3% owned*

Aerojet Rocketdyne Holdings, formerly GenCorp, is a technology based company that provides innovative solutions to its customers in the aerospace and defense markets.

*as of December 31, 2018

API Group

(NYSE: SPLP)

100% owned*

API is a leading manufacturer and distributor of foils, laminates and holographic materials which provide exceptional brand enhancement for consumer goods and printed media worldwide.

*as of December 31, 2018

Aviat

12.4% owned*

Aviat is the trusted expert in microwave networking. Better solutions from experts you can trust, Aviat enables the highest performing networks, simplest operations, and best customer experiences.

*as of December 31, 2018

FastenMaster

100% owned*

FastenMaster is a division of OMG, Inc. headquartered in Agawam, Massachusetts. Our company was founded in 1981.

From developing new products to innovating new building practices, the voice of the PRO contractor remains our guiding force.

*as of December 31, 2018

HandyTube Corp

100% owned*

HandyTube is a leading manufacturer of seamless, stainless steel and nickel alloy tubing for a wide range of applications and markets.

*as of December 31, 2018

iGo

80.2% owned*

iGo has been a provider of mobile accessories since 1995, offering premium power management solutions and accessories for laptop computers and electronic mobile devices that enhance the possibility of living life fully charged.

*as of December 31, 2018

IndianaTube Corp

100% owned*

Indiana Tube Corporation is a steel tube manufacturer specializing in welded, low carbon & HSLA steel tube.

*as of December 31, 2018

JPS Composite Materials Corp

100% owned*

JPS Composite Materials is an ISO-9001 certified US based weaver of composite reinforcement and ballistic protection fabrics. JPS Composite Materials includes the legacy Clark Schwebel and JPS Industrial Fabrics/JPS Glass operations.

*as of December 31, 2018

Kasco

100% owned*

Kasco is a subsidiary of iGo, headquartered in St. Louis, Missouri.

KASCO is the industry leader in providing metallic blade products for the meat cutting, food cutting, and wood cutting industries to the global market.

*as of December 31, 2018

Lucas-Milhaupt, Inc

100% owned*

Lucas-Milhaupt is a global provider and leading producer of metal joining products and services for thousands of companies worldwide.

*as of December 31, 2018

MTE Corp

100% owned*

MTE Corporation was formed in 1982 by bringing together Milwaukee Transformer Co., Transformer Design Inc. and Milwaukee Electronics Corp. – companies that specialized in different fields of magnetics and transformer designs and were long established in their respective fields.

*as of December 31, 2018

OMG

100% owned*

OMG is a leading US manufacturer and global supplier of specialty fasteners, adhesives, tools, and related products for the commercial and residential construction markets.

*as of December 31, 2018

SL-MTI

100% owned*

MTI is a manufacturer and developer of precision, high performance electric motors, drives, and controllers in addition to precision winding components. We serve both the aerospace and commercial markets.

*as of December 31, 2018

SL Power Electronics

100% owned*

SL Power Electronics is a global leader of differentiated power conversion solutions. SL Power offers Original Equipment Manufacturers (OEM’s) turnkey power conversion solutions for their most mission critical applications, ranging from standard products to modified standard and completely custom solutions.

*as of December 31, 2018

Steel Connect

(NASDAQ GS: STCN)

45.6% owned*

Steel Connect, Inc. is a publicly-traded diversified holding company (Nasdaq Global Select Market symbol “STCN”) with two wholly-owned subsidiaries ModusLink Corporation and IWCO Direct that have market-leading positions in supply chain management and direct marketing.

*as of December 31, 2018

Steel Energy Services

100% owned*

Steel Energy Services provides well servicing, workover and other services to the oil and gas industry.

*as of December 31, 2018

Steel Sports

100% owned*

Founded in 2011, Steel Sports Inc., a subsidiary of Steel Excel Inc., is dedicated to acquiring, building, and strengthening a network of branded participatory and experience-based businesses engaged in sports, training, education, entertainment and consumer lifestyle.

*as of December 31, 2018

WEBBANK

100% owned*

WebBank is headquartered in Salt Lake City, Utah, and is an FDIC-insured, state-chartered industrial bank that provides customized consumer and commercial financing solutions on a nationwide basis. WebBank is a leading provider of closed-end and revolving private-label and bank card financing programs.

*as of December 31, 2018

Acquisition Interests

Steel Partners and its affiliates comprise a global diversified portfolio of product and service businesses. Together, our businesses generate over $1.6 billion in revenue, and employ over 3,500 employees in 70 locations. We are interested in growing our portfolio of publicly-traded and private companies through acquisition. We prefer profitable acquisition targets, but we will consider unprofitable bolt-on targets.